LI AUTO(LI) AIRPO·2024-12-31 01:34Industry and Company Involved * Company: Ideal Auto * Industry: Electric Vehicles (EVs), Autonomous Driving, AI Core Points and Arguments 1. AI Upgrade Impact on Ideal Auto: Ideal Auto discussed the impact of AI upgrades on their business, emphasizing the significance of the "Model Chair" (a combination of language and spatial models) as the operating system and programming language of the AI era. This model is expected to drive the development of various AI products and applications, and is a key factor in Ideal Auto's strategy to expand beyond traditional car manufacturing. 2. Industry Trend Analysis: Ideal Auto identified several key trends in the industry, including the importance of the "Model Chair" as the operating system and programming language of the AI era, the potential of AI products and applications, and the competitive landscape of AI development. 3. Ideal Auto's AI Development: Ideal Auto has been working on AI development since 2022, aiming to become a leader in language models for autonomous driving in China. They have released three generations of MAD GPT, the first company to integrate large models into vehicles. They also highlighted their technical foundation, including language models and spatial models, and their AI products such as Ideal Mate and advanced autonomous driving capabilities. 4. Impact of AI Upgrade on Ideal Auto: The AI upgrade is expected to have a profound impact on Ideal Auto, including strategic changes, organizational restructuring, and business model transformation. The company's growth potential is expected to increase significantly as it expands beyond traditional car manufacturing into AI and other related fields. 5. Ideal Auto's Vehicle Business: Ideal Auto's vehicle business is expected to benefit from the AI upgrade and market trends. The company's products, including plug-in hybrid and pure electric vehicles, are expected to perform well in the competitive landscape, particularly in the 300,000 yuan and above high-end market. The company's pure electric vehicle lineup is also expected to gain traction as the market evolves. 6. Valuation and Market Potential: Ideal Auto's current valuation does not fully reflect the potential of its pure electric vehicle and AI businesses. The company's market potential is expected to increase significantly as it expands its product lineup and enters new markets. Other Important Points * Data and Compute Power: Ideal Auto highlighted the importance of data and compute power in AI development. They have accumulated a large amount of high-quality data from their vehicle sales and are investing in advanced computing capabilities to support their AI research and development. * Talent Attraction: Ideal Auto has been actively attracting talent in the AI field to support its research and development efforts. They have also established strategic partnerships with leading AI companies to enhance their capabilities. * Market Trends: Ideal Auto discussed the changing market trends in the automotive industry, including the increasing demand for high-end electric vehicles and the growing importance of autonomous driving technology.